Surge in Put Option Activity: Adani Enterprises Sees 4,947 Contracts at Rs 2200 Strike

Adani Enterprises Ltd, a prominent player in the diversified industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, ADANIENT, is currently valued at Rs 2186.4, with a notable expiry date for the options set for August 28, 2025.
Today, 4,947 put contracts were traded at a turnover of approximately Rs 966.45 lakhs, indicating significant activity in this option type with a strike price of Rs 2200. The open interest stands at 2,421 contracts, reflecting ongoing interest among traders.

In terms of performance, Adani Enterprises has underperformed its sector by 1.12%, with the stock experiencing a consecutive decline over the past four days, resulting in a total drop of 7.29%. The stock reached an intraday low of Rs 2190, down 2.66% from the previous close. Furthermore, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite these challenges, there has been a rise in investor participation, with delivery volume increasing by 90.05% compared to the 5-day average. The stock remains liquid enough for trades of Rs 4.31 crore, suggesting that it can accommodate substantial trading activity.

In summary, Adani Enterprises is currently navigating a challenging market environment, marked by notable put option activity and a decline in stock performance.